OBJ Limited (ASX:OBJ) has announced it has executed a new 5 year product development agreement with Procter and Gamble (P&G).
The agreement gives P&G a worldwide exclusive right to commercialise OBJ’s non-powered micro-array technology within defined product categories.
The agreement extends an existing agreement in place between the two companies, which has already seen 11 work plans announced by P&G involving the OBJ technology.
OBJ and P&G have already had success together with the Asian launch of the Wave I Eye Wand product under P&G’s SK-II brand.
OBJ reported a net loss of $1.19 million at 31 December 2015
